RE: Rumours Abound28 Mar 2023 16:26
Tigger, I don't know any different and its nice to hear your advisers' estimates. I found this the other day on https://www.smallcapinvestor.ca/post/a-beginner-s-guide-to-junior-mining-stocks and I'm confident Option 1 is not going to happen and Options (2) and (3) seem quite good to me so I'm patiently holding on to every GGP share I have and topping up occasionally. I have no control over what happens and if I'm not happy I could sell.
The Endgame
In the long run, there are really only three possible outcomes for a junior mining company.
1) Most common is a failure, which leaves a hole in everyone's pocket, including that of the banks and investors. It is often said that only 1 in 1000 junior mining companies actually goes on to become an operating, producing mine.
2) The second fate occurs when a junior has enough success to justify a major paying a decent premium to gobble it up, leading to decent returns all around.
3) In the third and most rare fate, a junior finds a large deposit of a mineral that the market wants a lot of – it is a magical combination of the right deposit at the right time. When this happens, juniors can return more in a few days than a major will return in years.
- SmallCapInvestor